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After 5 months of dormancy, a whale deposited 2,468 $ETH ($3.88M) into Binance and sold it with a $4.33M loss.

A dormant Ethereum whale resumed activity after five months, depositing 2,468 ETH worth about $3.88 million into Binance and selling the position at a reported $4.33 million loss. The wallet had originally withdrawn the same ETH when it was worth $8.21 million, highlighting the scale of the drawdown after holding through a major price decline. The news is mildly bearish for ETH sentiment in the short term, as it reflects capitulation by a large holder, though the event is primarily a whale-transaction update rather than a broader market shift.

Category

Ethereum

Sentiment

Bearish

Event

Institutional flow

Reading time

1 min